Fire Breaks Out in Mewah International's Indonesian Facility; Shares Down 2%

MT Newswires

07/25

A fire broke out in one of Mewah International's (SGX:MV4) facilities in Indonesia, operated by 70%-owned subsidiary Agro Raya Mas, according to a Thursday filing with the Singapore Exchange.

Shares of the company were down nearly 2% in recent trading.

The site team and local emergency services quickly addressed the fire. The company is now conducting a detailed assessment of the damage, insurance coverage and recovery timeline.

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